PayPal Posts Record Sales on E-Commerce Boom
“Our growth reinforces the essential role we play in our customers’ daily lives during this pandemic.”
PayPal to Allow Cryptocurrencies
Customers will be able to buy, sell, and hold virtual coins, including bitcoin, using the company’s online wallets.
PayPal Crushes Estimates, Posts 25% Sales Gain
“Our record performance in the second quarter — our strongest quarter ever — reaffirms the relevance of PayPal in the unfolding digital future."
PayPal Sues CFPB Over ‘Confusing’ Prepaid Card Rules
The company is challenging regulations that require PayPal accounts to guarantee the same consumer protections as prepaid credit cards.
PayPal Sweetens Offerings With $4B Honey Buy
The browser plugin that hunts for online shopping bargains is "amongst the most transformative acquisitions in PayPal’s history."
PayPal Pulls Out of Facebook’s Crypto Project
The payments company was reportedly concerned Facebook had not done enough to address the regulatory backlash against the Libra plan.
PayPal Investment Positions It for China Entry
The company will become the first foreign platform to offer digital payment services in China by acquiring 70% of a domestic provider.
Synchrony Shares Jump on Big Earnings Beat
The company's acquisition of PayPal's U.S. consumer credit portfolio helped boost loan receivables by $11 billion, or 14%.
Controllers: Focus on Culture and Diversity Is Essential
Panelists at the CFRI conference set aside core accounting issues in favor of people-centric topics.
Breakout Quarter for Venmo Powers PayPal Beat
"While it is still early, our [Venmo] monetization efforts appear to be reaching a tipping point," PayPal CEO Dan Schulman says.
How Important Are Intangible Asset Impairments?
Where there are impairments for intangible assets such as goodwill, other liabilities may be lingering on the balance sheet as well.